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dankupper

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About dankupper

  1. 457 Plan - Which Vendor/company?

    Thank you, krow36. Did you see my reply to your response on the 403b thread? I am going to transition to Aspire and max that out at 18k per year. I am also maxing out my Voya 457 plan as well. I want to contribute to/max out a 457 plan as well, but don't have many options besides Voya or Security Benefit. Thoughts?
  2. Best 403B Vendor(S)

    I appreciate your insight, krow36. I have decided to move over to Aspire immediately, however I will be avoiding the MetLife surrender fees by rolling over my 10% penalty-free money and then moving the rest over as of 2020 (when the surrender fees expire). I appreciate the help that everyone has given me with respect to this situation. Kindest Regards, Dan
  3. Best 403B Vendor(S)

    Okay so I am back after speaking with MetLife. I absolutely want to start a new 403b account with Aspire since their fees are exorbitantly lower, more transparent, and they offer much better investment options. I have two 403b accounts open with MetLife. Here is what I found out: ACCOUNT 1 Under 10K in account - 9% surrender fee until 5 years is up. After 5 years there is no surrender fee - opened on January 26, 2015 - 5 years is up on January 26, 2020. I get to move 10% penalty-free, and then the rest is subject to 9% surrender fee. ACCOUNT 2 10-20K in account - 9% surrender fee until 5 years is up. After 5 years there is no surrender fee - opened on September 2, 2015 - 5 years is up on September 2, 2020. I get to move 10% penalty-free, and then the rest is subject to 9% surrender fee. As a side note, I also have the option to move this money into a fixed-interest rate at 3% with MetLife (take it out of the market) until the 5 years (2020) is over to avoid surrender fees. Here are my three options: 1) Do nothing and stay with MetLife (not preferable). 2) Open a new 403b account with Aspire and keep my current money in MetLife until the 5 years is up, avoiding surrender fees. Move the money over to Aspire as of 2020. *If I do option 2, am I losing "steam" in terms of compounding money in the market since my balance with Aspire would now start at zero? This is important to me. 3) Open a new 403b account with Aspire and immediately roll my money over from MetLife, taking the hit on surrender fees. What do you all think? What do I do??? Thank you! Best, Dan
  4. 457 Plan - Which Vendor/company?

    Hi All - I recently started a 457 plan with Voya. I am a public school teacher in Connecticut. The only two options that my district offers for 457 plans are Voya and Security Benefit. Is it good to stay with Voya? They seemed to have good investment options, and I don't know much about Security Benefit. Thank you! Best, Dan
  5. Best 403B Vendor(S)

    Thank you, Tony. I will be following up tomorrow and posting again as I'll have additional questions regarding Met Life surrender fees and rolling over the money to a 403b account with Aspire. Best, Dan
  6. Best 403B Vendor(S)

    Thank you, Tony. This really is a huge help. I'm going to make a change right away. I appreciate the valuable input! Best, Dan
  7. Best 403B Vendor(S)

    Thank you, Tony and Krow36! This is all very helpful. I am a public school teacher in Connecticut. I am going to look into Aspire right away for my 403b. I actually do already have a 457 opened up with Voya, in addition to the 403b. Thank you once again. Best, Dan
  8. Best 403B Vendor(S)

    Hi All - I need your opinion on the best 403b vendor(s) from the following list. This list comes directly from my district. I'm particularly interested in low fees/best investment options. I actually already have an account opened with Met Life, but am wondering if there are better options or if it is okay to stay with MetLife for the long haul. I look forward to hearing your input. The list is as follows: 1) Ameriprise 2) Aspire Financial Services 3) AXA Equitable 4) First Investors Funds distributed by Foresters Financial 5) Franklin Templeton 6) Great American Life Insurance 7) Lincoln National Life 8) Met Life 9) Oldham Resource Group 10) Oppenheimer 11) Security Benefit Life Insurance Company 12) Voya Thank you! Best, Dan
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